EL 29883 First Annual report for the period 5 December 2013 to 4 December 2014

Abstract

Exploration undertaken to date has identified prospective iron formations hosted in the Warramunga Formation that in structural settings that elsewhere in the Tennant Creek region host significant ore grade gold and copper mineralisation. Regional ground mapping in conjunction with existing geophysical datasets has identified shear zones cross cutting folded sequences of hematite and iron oxide units hosted within the Warramunga Formation. Alteration zones have been interpreted along the contact margins between felsic intrusive bodies and sedimentary units. It is recommended that exploration continue in an attempt to identify ore grade gold and copper mineralisation within EL 29883.